Tax & Accounting Blog

New Jersey Sports Fans’ Fantasy Leagues Are Sales Tax-Free

New Jersey Sports Fans’ Fantasy Leagues Are Sales Tax-Free

The following was written by Ruth Jeremiah and posted on her behalf. New Jersey Division of Taxation has determined that fantasy sports entry fees are not subject to tax. This ruling stems from an Austin, TX taxpayer that runs a fantasy sports website and charges taxes for entry fees for various professional sports leagues, … Read More

How to Navigate Complex International Tax Issues

How to Navigate Complex International Tax Issues

International tax departments are being hit from all angles with new regulations and complex issues. From Brexit to BEPS, from FATCA to TPP, the most critical issue is navigating the changing nature of global business and the complex implications for operations. Implementing the right technology, challenging the status quo, and building the right team that … Read More

Apple-Ireland EC Tax Ruling Could Shape Corporate Tax Policies

Apple-Ireland EC Tax Ruling Could Shape Corporate Tax Policies

The European Commission (EC) ruling that Ireland provided illegal tax benefits to Apple could cost Apple €13 billion ($14.5 billion) and significantly impact how companies do business in Europe. The ruling also underscores the challenges the EC increasingly faces and predicts how decisions made in Brussels could impact US tax revenues. The EC takes a … Read More

Kentucky County Taps New Revenue Stream to Fund 911 Services

Kentucky County Taps New Revenue Stream to Fund 911 Services

In a unique approach to funding area 911 services, the fiscal court of Whitley County, Kentucky has voted to impose a 911 surcharge on its citizens’ monthly water bills. For decades, state and local governments across the country have imposed monthly surcharges on residents’ phone bills in order to fund 911 emergency response … Read More